Did the G20 Just Steal Your Money?

[ktlight]

http://www.youtube.com/watch?v=elC0T4KfeS0

"Published on 17 Nov 2014
Did the G20 Just Steal Your Money?
Failed Banks - 2014"

[KiwiElf]

Bank deposits will soon no longer be considered money but paper investments
November 12, 2014 5:02 PM MST

http://www.examiner.com/article/bank-deposits-will-soon-no-longer-be-considered-money-but-paper-investments

This weekend the G20 nations will convene in Brisbane, Australia to conclude a week of Asian festivities that began in Beijing for the developed countries and major economies. And on Sunday, the biggest deal of the week will be made as the G20 will formally announce new banking rules that are expected to send shock waves to anyone holding a checking, savings, or money market account in a financial institution.

On Nov. 16, the G20 will implement a new policy that makes bank deposits on par with paper investments, subjecting account holders to declines that one might experience from holding a stock or other security when the next financial banking crisis occurs. Additionally, all member nations of the G20 will immediately submit and pass legislation that will fulfill this program, creating a new paradigm where banks no longer recognize your deposits as money, but as liabilities and securitized capital owned and controlled by the bank or institution.

In essence, the Cyprus template of 2011 will be fully implemented in every major economy, and place bank depositors as the primary instrument of the next bailouts when the next crisis occurs.

On Sunday in Brisbane the G20 will announce that bank deposits are just part of commercial banks’ capital structure, and also that they are far from the most senior portion of that structure. With deposits then subjected to a decline in nominal value following a bank failure, it is self-evident that a bank deposit is no longer money in the way a banknote is. If a banknote cannot be subjected to a decline in nominal value, we need to ask whether banknotes can act as a superior store of value than bank deposits? If that is the case, will some investors prefer banknotes to bank deposits as a form of savings? Such a change in preference is known as a "bank run."

Each country will introduce its own legislation to effect the ‘ bail-in’ agreed by the G20 this coming weekend.

Large deposits at banks are no longer money, as this legislation will formally push them down through the capital structure to a position of material capital risk in any "failing" institution. In our last financial crisis, deposits were de facto guaranteed by the state, but from November 16th holders of large-scale deposits will be, both de facto and de jure, just another creditor squabbling over their share of the assets of a failed bank. - Zerohedge

For most Americans with savings or checking accounts in federally insured banks, normal FDIC rules on deposit insurance are still in play, but anyone with over $250,000 in any one account, or held offshore, will have their money automatically subject to bankruptcy dispursements from the courts based on a much lower rank of priority, and a much lower percentage of return.

This also includes business accounts, money market accounts, and any depository investments such as a certificate of deposit (CD).

What makes this sudden push to securitize cash held as bank deposits is the pending question of whether the central banks or sovereign governments know that a crisis is forthcoming, especially in light of Europe's rapid decline into recession, and Japan's need to monetize their entire budget through central bank easing?

Just as people thought the ownership of gold and silver was inviolate prior to 1933 when the government ordered it confiscated to bailout the banks and Federal Reserve during the Great Depression, we are all now faced with the realization that the money we thought was our own, and protected in our checking and savings accounts no longer is. And after Sunday at the G20 meeting, the risks of holding any cash in a bank or financial institution will have to be weighed as heavily and with as much determination of risk as if you were holding a stock or municipal bond, which could decline in an instant should the financial environment bring a crisis even remotely similar to that of 2008.

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[KiwiElf]

UK PM warns on second global crash
CNBCBy Matt Clinch | CNBC – Mon, Nov 17, 2014 9:45 PM NZDT

https://nz.finance.yahoo.com/news/uk-pm-warns-second-global-084520730.html

The global economy is again showing worrying signs of an imminent financial crisis, according to British Prime Minister David Cameron, who is warning of a dangerous backdrop of instability and uncertainty.

Writing in the U.K.'s Guardian newspaper, he said that this weekend's G-20 summit in Brisbane had further underlined the problems facing the global economy.

"Six years on from the financial crash that brought the world to its knees, red warning lights are once again flashing on the dashboard of the global economy," he said in the article published late Sunday.

Read More Banker pay must stop encouraging misconduct: Carney
http://www.cnbc.com/id/102190028?__source=yahoo|finance|inline|story|story&par=yahoo&doc=102190211

Global trade talks have stalled, the euro zone is teetering on the brink of recession and emerging markets are now slowing down, he said. The spread of Ebola, the conflict in the Middle East and Russia's "illegal" actions in Ukraine are all adding to the global insecurity, according to Cameron.

His words echo those of the Bank of England last week, which said that there were downside risks for the U.K. from weaker euro area activity which could also weigh on exports and be associated with rising market volatility.

The U.K. is heavily indebted compared to most of its peers but has been praised by organizations like the International Monetary Fund for being the fastest growing G-7 economy since the financial crash of 2008. The government - majority-led by the right-of-center Conservative Party - has followed a path of austerity and fiscal restraint since coming to power in 2010, although it has still missed deficit targets during that period.

Read More Global markets 'living on borrowed time': Wilbur Ross
http://www.cnbc.com/id/102190203?__source=yahoo|finance|inline|story|story&par=yahoo&doc=102190211

Criticized at first, the austerity policies have come at the same time as a significant drop in unemployment in the U.K., with the Bank of England now looking to raise interest rates next year. Opposition policymakers argue the country has become unbalanced, with poorer citizens bearing the brunt of the cuts in spending.

This thesis gained some backing on Monday with a new report that showed that the poorest groups in U.K. society lost the biggest share of their incomes on average following the benefit and direct tax changes since 2010. The research, by the London School of Economics and the University of Essex, also showed that the changes have not contributed to cutting the deficit and have instead been spent on tax breaks.

Read More Japan shocks as economy slips into recession
http://www.cnbc.com/id/102184733?__source=yahoo|finance|inline|story|story&par=yahoo&doc=102190211

In his article, Cameron said that there had been "difficult decisions" in recent years for the U.K. economy but underlined that it was "vital" that the U.K. stuck to its long-term economic plan. With the country heading towards a general election, set to take place in May next year, Cameron also used the article as an opportunity to put forward his case for re-election. His words highlighted that the economy will be a key battleground for politicians next year.

"In six months' time, Britain will face a choice: the long-term plan that has seen it prosper, or the easy answers that would surely have seen it fail," he said.

"By sticking to our long-term plan at home and standing up for Britain's interests abroad, we will do everything possible to protect our economy."

[KiwiElf]

Anonymous - Prepare for the Petro Dollar Collapse

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Published on Nov 15, 2014

Transcript from Video:


Greetings, citizens of the world.

We Are Anonymous.

You might not have heard, but the G20 summit meeting is held in Brisbane Australia this weekend because the main stream media is keeping it quiet. They have a good reason to be secretive as they are trying to implement a new banking rule in which large deposits would be treated as an investment. Basically, your deposits would be considered as any other capital investment that brings with it the risks of the market,'and not-as' money. That means that WHEN, not IF, the next banking crisis strikes, you will have 'deep' - 'losses', if not 'even have lost everything. This is the basis for the new bank bail out, cleverly designed by the central bankers.

This measure will affect everyone who holds checking, savings, money market, business, CD or a retirement account with those banks and has substantial money deposited. In other words, the 'F.D.I.C.' will simply not be responsible to cover your losses. The Cyprus model will be used in all major economies where the deposits are the banks' property, not yours, and it is time to prepare if not prevent.

What can you do, you ask?

Get liquid. As much as you can. Invest in the metals. Silver and gold markets have been manipulated for a VERY long time in order to prop up the illusion of the improving economy and get you to invest and spend some more. London's manipulation of the metals is another attempt of the central bankers to deter you from buying it, while at the same time they try to show that debt is OK.

It is no wonder they are hastily trying to impose the electronic transactions as they are simply out of cash. Printing more of it will only contribute to deeper crisis and harder fall.

In addition, it is also known that the closer the financial collapse the more war attempts by the same entities we will see.

We can all print out the Quo Warranto that the Common Law & Grand Juries filed this week with every superior, federal, and supreme court, as well as sheriffs and marshals and mail it to our local courts, villages, attorney generals, police, and marshals.

To read & / or print out a copy of the Quo Warranto, please visit:

http://bit.ly/1x3fmVB

It is time to take our countries back into our own hands and out of the hands of the international money changers once and for all.

For more info on G 20 summit, please go to:

http://bit.ly/1xjgd5L